The new building will have 14 levels, a surface area of 18,000 square meters and it will entail an investment of EUR40 million.
Currently, the Palas Iasi project includes over 130,000 sqm of offices accommodating 70 multinational companies that employ 14,000 people.
After the inauguration of Palas Campus Iasi, the tallest office building in Romania, in April 2023, IULIUS has reached investments worth over half a billion euros in the city of Iasi alone, through five real estate projects (the mixed-use projects Palas Iasi and Palas Campus, Iulius Mall Iasi and two Family Market proximity retail concepts in the metropolitan area).
IULIUS Group aims to invest further in the urban regeneration of the city’s central area by developing, as part of the Palas Iasi complex (the first mixed-use project carried out in Romania), a new Class A office building. It is set to be the eighth office building integrated into the project, with a leasable area of 18,000 sqm, that will consist of ground floor, mezzanine and ten storeys.
Palas Campus Iasi, the tallest office building in Romania (54,000 sqm of office space and 6,000 sqm of retail space), was inaugurated in 2023 and entailed an investment of over EUR120 million. The project has turned an untapped central area into an innovative hub consisting of 13 companies in the US, Germany, France, Norway, Switzerland and Romania, with 5,000 employees.